Qatars construction industry registered positive growth during the review period (20122016). Construction activity was weakened in 2015 due to the impact of low oil prices. Qatar constitutes one of the largest suppliers of oil in the world, and its economic growth is significantly dependent on oil revenues. A decline in oil prices since 2014 resulted in weak economic performance, which in turn affected growth in the construction industry.
Albany, NY -- (SBWIRE) -- 03/07/2017 -- The government of Qatar is perturbed by the volatile oil prices and aims to diversify its economy with an emphasis on the construction sector. A recent research report titled "Construction in Qatar Key Trends and Opportunities to 2021" has been added to vast research repository of Market Research Hub (MRH) online store. This report provides a detailed market analysis, insights and information on Qatar's construction industry. It includes Qatar's construction industry's growth prospects by market, project type and construction activity. Analysis of material, equipment and service expenses for each project type in Qatar is also provided. A thorough analysis of industry trends and issues, and the risks and opportunities in the Qatar's construction industry.
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The report studies the Qatar's construction industry into two periods, the review period from 2012 to 2016 and the forecast period from 2017 to 2021. During the review period, Qatar's construction industry grew at a CAGR of 17.81%. While during the forecast period, the growth rate is expected to be a CAGR of 7.27%. The key growth drivers are the government programs to promote economic growth. These include Qatar Rail Development Program (QRDP), Qatar National Vision (QNV) 2030 and National Tourism Sector Strategy 2030. Global events like the FIFA World Cup in 2022, housing for expatriates, increased government spending on social welfare will also help in the growth of Qatar's construction industry.
Qatar's construction industry is segregated into the following segments
Energy and utilities
As far as the residential sector is concerned, government is developing a new city for a population of 450,000. Industrial growth is expected to slow down during 2017-2021. In infrastructure sector, the government has announced plans to invest over US$200 billion by 2022 to develop rail and road network, hotels and stadiums. This enhanced regional connectivity will in-turn support industrial growth. Plans to increase the total energy production are expected to support investments in energy and utilities projects. Segregation on the basis of project activity is done into new construction, repair and maintenance, refurbishment and demolition. On the basis of cost it is divided into materials, equipment and services.
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Finally, the report includes analysis of every construction related issue, including regulation, cost management, pricing and funding. Detailed information of every leading construction companies in Qatar is provided. For new investors, critical information like industry standards, laws and regulations and risks and opportunities is provided in the report.
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